FinanceAsia Magazine

Issue: November 2011

Issue: November 2011

Fingers crossed


Scandal after scandal has shown us that banks shouldn’t be taking a fingers-crossed, hold-your-breath and wait-and-see approach to risk. And we all know the official word is that they are not. Rather, banks have put comprehensive, cumbersome protocols in place to protect against trading losses and bets gone wrong. And yet it doesn’t always work. Siloed departments, a conspiracy of confident confidants and faith in algorithms and systems mean that these crises will continue, despite an onslaught of new regulations. We can’t stop mistakes; this is human nature. But we can stop them from becoming cataclysmic; this is good management. And as our cover story points out, good management is going to be what sets banks apart in the future.

Elsewhere in this issue we have a special report on the Philippines and Thailand, as well as a dedicated report on wealth management in our Private Capital section. We also look at the rising importance of interdealer brokers in Asia, and explain the increasing interest in private listings. In addition, we have included two supplements with this issue, one on bonds and another on cash management.

Lara Wozniak, Editor

 

Click here to see the full contents page.

 

REGULARS


4
Deal of the month
Temasek’s $623 million
exchangeable bond into Standard Chartered

6
Primary markets
A summary of key equity and debt deals

16
Asia in Numbers
Offbeat numbers from the region

18
Month in Asia
Political and economic news briefs

20
Investor dialogue
David Pinkerton, chief investment officer of Falcon Private Bank

22
People on the move
News of the latest hires and moves

92
CFO Solutions
Ian Hartley, ACM Shipping

88
Reel lessons
Margin Call

 

NEWS

24
Occupy Wall Street
Does the movement even know what it wants to achieve?

 

COVER STORY

26
Adjusting banks to a new risk culture
Frauds and failures are likely to grab future headlines unless incentives are appropriate


REPORT PHILIPPINES

33
Consumer spending runs hot
The recent IPO of Puregold tells of a retail sector that is thriving on population growth, increased urbanisation and rising incomes

46
From price taker to price maker                                                             
Electricity distribution giant Meralco plans to generate 25% of its own power needs  

50
Lower spending at odds with strong economy                                                              
President Aquino puts the brakes on government expenditure as he attempts to eradicate graft   

                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
REPORT THAILAND

56
Bouncing back
Can Thailand rebound from the floods?

61                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
Step by step
Bank of Ayudhya’s chief executive officer Mark Arnold tells us how he plans to grow the business


66                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
Thailand’s Public Debt
Management Office’s outlook

 

FEATURES

54
Precious resource
Interdealer brokers see Asia as the best opportunity for expanding their footprints in coming years. But they need the right people

68
Taking a piece of the Islamic finance pie
How Thailand wants a slice of the action

72
HDRs: a liquidity boost
Bankers say more foreign companies listing in Hong Kong should consider depositary receipts

75
Private listings
Why such trades are becoming more attractive

76
Indonesia’s banks are set to weather the storm
Healthy metrics should protect the nation’s domestic banking system

94

FinanceAsia commodities investment summit
A round-up of the event


REPORT PRIVATE CAPITAL

81
It’s all about the money, honey
Large private banks versus boutiques. Both are in overdrive

85
Searching for havens
Where to store your wealth


88
Passing it on
An interview with Mark Smallwood, of Deutsche Bank private wealth


90
Winning at Monopoly
Estate planning advice
 

 

About FinanceAsia Magazine

Established in 1996, FinanceAsia is the leading publisher of financial news in the Asia-Pacific region. Our combination of print and online products provide the latest news, analysis and insight into Asia’s financial markets.

Published monthly from our office in Hong Kong, FinanceAsia magazine provides our readers with the latest financial trends, interviews, features and investigative reports. The publication has a readership of key decision-makers at corporations, governments, investment and commercial banks, institutional investors, asset managers, brokers, traders and financial intermediaries.

Our regular sections include:

Data Story
We look at the key data behind a topical theme in Asian finance, showcased with an array of graphs and tables.

Greenshoe
A monthly opinion column from the FinanceAsia editorial team. We provide our thoughts on a topic making the headlines.

Deal of the Month
Our regular two-page spread with its signature artwork and in-depth analysis examines the equity, debt or M&A deal that we feel has had the biggest impact on the Asian capital markets that month.

Investor Dialogue
For company CEOs and CFOs, what investors think is a critical concern, and in this column we help them understand just this. Each month we speak to a Chief Investment Officer of a top fund and outline their views on corporate governance, what stocks they like and where they expect to generate the best returns.

Soapbox
A monthly opinion piece from a respected author or commentator on Asian business, finance or economics.

People on the Move
Here we summarise the key hires, fires and moves at the region’s banks, highlighting at least one major move each month.

Deal Tracker
We examine the major primary markets deals of the month and comment on the quality of the debt or equity transaction and the secondary market performance.

The Arts of Finance
A light-hearted look at investment opportunities surrounding the arts business in Asia.

 

Print Edition

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